This month we are pleased to announce that iMlango has launched a new Microloans initiative which provides access to funds for families in selected iMlango communities. The unique initiative provides recipients with funds to help them grow their business, and aims to focus the recipient family on the importance of saving for their children’s education. The microloan service is directly connected to their child’s education, and it is intended that the loan – coupled with sensitisation activities on the importance of education and its centrality to loan provision – helps develop recipients’ positive attitudes and behaviours towards investment in education.
The team process one of the first Microloan applications in Makueni County
The team have been busy collecting and reviewing applications this month - recipients are selected based on a scoring system - and we are now in the process of disbursing the first loans to recipients.
Members of the iMlango community in Makueni County wait to have their application reviewed
Make sure to look out for further updates on this exciting new initiative in next month's update.
Until next time,
The iMlango Team